OAKBROOK TERRACE, Ill. — The mayor of Oakbrook Terrace has resigned during an ongoing federal corruption investigation.
According to the Chicago Tribune, Tony Ragucci is linked to a wider federal probe into a company that operates red light cameras.
The 64-year-old former police officer submitted his letter of resignation on Friday, after serving as mayor of Oakbrook Terrace for about a decade.
The resignation comes on the heels of a Tribune report that Ragucci had used $30,000 in campaign funds to pay for a defense attorney.
The former mayor is among a number of elected officials and contractors linked to “safe speed," a controversial company that operates lucrative red light camera systems — two in Oakbrook Terrace.
The intersection of Route 83 and 22nd Street in Oakbrook Terrace is relatively safe, according to a determination IDOT made years ago.
Still, the city and the mayor installed red light cameras.
And drivers have paid the small suburb and company millions in fines.
With a little more than 2100 residents, Oakbrook Terrace is the smallest town in DuPage County.
The intersection is expected to bring in $5 million dollars this year. 40% of the city’s revenue all coming from red light cameras. In the Chicagoland area, that’s the highest percentage of revenue generated by fines than any other city or town.
Ragucci installed those cameras in 2017.
The Chicago Sun-Times reported that the FBI had seized $60,000 in cash from Ragucci’s home. But the reason for that raid has not yet been disclosed.
Before his name surfaced in the investigation, Ragucci had told the Sun-Times that this community’s contract with safe speed was legit and clean.
According to a press release, "the City of Oakbrook Terrace will elect of the aldermen as acting mayor to serve until a mayor is elected at the next general municipal election and as qualified."
A special council meeting will be held at 7 p.m. Wednesday.